Target headaches: Data breach widens, guidance slashed

|About: Target Corporation (TGT)|By:, SA News Editor

Target (TGT) discloses that "certain guest information" was taken during its security breach month that is separate from previously disclosed payment card information. Personal customer information including e-mail addresses, phone numbers, and street addresses for some accounts are part of the data that hackers accessed.

CEO Greg Steinhafel says guests will have "zero" liability for any fraud charges, but the issue is bound to cause some anxiety for cardholders.

The company also lowered its estimate for Q4 EPS to $1.20-$1.30 from previous guidance of $1.50-$1.60 on a revised forecast for comp sales of -2.5%. News of the data breach had a noticeable impact on store traffic and sales, according to Target.

In addition, Target says it has identified 8 stores it plans to close due to weak financial performance. (PR)

TGT -1.8% premarket